AviTrader sponsorship ad

Financial

Air Canada`s first quarter loss deepens

Air Canada reported an operating loss of CAD$12 million for the first quarter, before a provision for cargo investigations, an improvement of CAD$66 million from the first quarter for 2007. Air Canada’s operating income performance for the first quarter was achieved despite an increase in fuel expense of CAD$130 million in the quarter. Air Canada

Read More »

Babcock & Brown Air reports first quarter results

B&B Air reports net income of $11.7 million. Total revenue for the first quarter was $51.9 million, which includes $50.8 million of lease revenues. These revenues reflect a full quarter from the 52 aircraft in the portfolio at December 31, 2007 and a partial quarter from the aircraft added during 2008. Also included in total

Read More »

SkyWest announces first quarter 2008 results

SkyWest reported operating revenues of $868.0 million for the quarter ended March 31, 2008, a 10.0% increase, compared to $789.0 million for the same period last year. SkyWest also reported net income of $29.1 million for the quarter ended March 31, 2008, a decrease of 16.2% compared to $34.8 million of net income for the

Read More »

United receives lender approval for credit facility amendment

UAL Corporation announced that with the approval of its lenders it has amended its existing $1.5 billion Amended and Restated Revolving Credit, Term Loan and Guaranty Agreement dated as of February 2, 2007 with JPMorgan Chase Bank, N.A., Citicorp USA, Inc., J.P. Morgan Securities Inc., Citigroup Global Markets, Inc., Credit Suisse Securities (USA) LLC and

Read More »

ExpressJet reports first quarter net loss of $31.3 million

ExpressJet Holdings reported a first quarter loss of $31.3 million. Excluding an impairment charge relating to investments in auction rate securities held by the company, ExpressJet reported a first quarter loss of $22.6 million. In the first quarter, ExpressJet operated 215 aircraft under capacity purchase agreements with Continental Airlines and Delta Air Lines and generated

Read More »

Hawaiian Holdings reports first quarter net loss of $19.9 million

Hawaiian Holdings, parent company of Hawaiian Airlines, reported a consolidated net loss for the three months ended March 31, 2008, of $19.9 million on total operating revenue of $251.2 million. This result compares to a net loss of $11.9 million for the three months ended March 31, 2007. The Company reported a loss before taxes

Read More »

Astronics reports first quarter 2008 results

Astronics Corporation reported sales of $41.1 million in the first quarter of 2008, which ended March 29, 2008, a 4.2% decrease compared with revenue of $42.9 million in the first quarter of 2007. Net income in the first quarter of 2008 was $2.6 million compared with $4.7 million in the same period the prior year.

Read More »
AviTrader sponsorship ad